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List of Flash News about India zero tariffs

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2025-05-05
16:08
India Announces Zero Tariffs on US Pharmaceuticals, Steel, and Auto Parts: Impact on Crypto and Trade Markets

According to Crypto Rover (@rovercrc), India has announced the removal of tariffs on pharmaceuticals, steel, and auto part imports from the United States, effective immediately (source: Twitter, May 5, 2025). This policy shift is expected to boost trade volumes and increase cross-border transactions, potentially impacting related crypto payment solutions as businesses seek faster, more efficient settlement options for international trade. Traders should watch for increased demand in blockchain-enabled supply chain tokens and stablecoins as corporations may leverage these digital assets to streamline payments and hedging strategies in response to the new trade landscape.

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